Golden Minerals cuts Rodeo margin guidance, Fabled misses payment; cash insufficient for 12 months

Golden Minerals Co

Net operating margin from Rodeo for 12 months ending Sep 2023 now $3.6-4.6M, down from $5.5-6.5M.
Q4 2022 actual margin $0.4M, $0.7M below forecast due to lower gold/silver prices and grades.
Fabled missed $250K installment; notice of default issued; remaining $1.75M from Santa Maria sale no longer expected.
Cash balance $4.0M as of Dec 31, 2022; company says existing cash insufficient for 12 months ending Sep 2023.
Plans to reduce spending, consider asset sales or equity raise to maintain liquidity.

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